PREDICTING THE MARKET BEFORE IT HAPPENS
Updated
As we can see here, there is an enticing level of so called resistance on the daily and the 4 hourly chart. Price has moved away from this area and novice traders have gone short. It is very easy to predict where stop losses will be. Notice the decreasing volume as price shorts away from the "resistance". If the collective amount of people doing the same thing moved the market, the move and volume would be much more drastic. Only big institutions and news moves markets. I expect people who shorted to soon be taken out and a manipulation occur, however with all the Brexit news around the GBP I'm being cautious.
Trade active
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.